Author: Bureau

L&T Semiconductor Technologies Limited (LTSCT), an Indian fabless semiconductor company, and Tata Electronics have announced a strategic partnership to expand indigenous chip manufacturing in India for domestic and global customers. The collaboration will combine LTSCT’s semiconductor design expertise with Tata Electronics’ manufacturing, packaging and foundry capabilities. The companies will jointly explore fabrication and packaging opportunities for LTSCT’s existing and future products, covering automotive, industrial, communications, security and intelligent-edge applications. The partnership will also focus on optimising chip designs for fabrication, with an emphasis on manufacturing efficiency, reliability, scalability and faster time-to-market. Dr Sandeep Kumar, Chief Executive, L&T Semiconductor Technologies Limited,…

ICICI Prudential Life Insurance reported a claim settlement ratio of 99.31% in Q1-FY2027, which the company says is the highest among leading life insurers, based on public disclosures (Forms L-39 and L-40). During the quarter, the insurer settled individual death claims worth ₹414.08 crore, with an average claim value of approximately ₹15 lakh. The company also reported an average turnaround time of one day from receipt of the last document for non-investigated claims. Mr. Sarang Gokhale, Chief – Underwriting and Retail Claims, ICICI Prudential Life Insurance, said, “At ICICI Prudential Life, we are committed to making the claims process simple,…

Cognizant (NASDAQ: CTSH), a leading AI builder and technology services provider, and Axis Bank, one of India’s largest private sector banks, have announced the successful implementation and go-live of Cognizant’s Application Management Services (AMS) under the Bank’s AMS 2.0 initiative. The jointly driven programme aims to strengthen delivery governance, improve operational consistency and accelerate automation across application support services. It is designed to enhance service reliability, cost efficiency, productivity and scalability while maintaining a focus on compliance and operational discipline. Under a five-year agreement, Cognizant will support applications across key business areas, including Branch and Operations, Cards, Corporate Banking and…

Tata AIA Life Insurance has launched Tata AIA Shubh SIP, a unit-linked insurance plan (ULIP) that combines market-linked wealth creation, family protection and retirement planning in one flexible solution. The plan is also available digitally through Policybazaar. Designed to adapt to changing financial priorities, Shubh SIP offers market-linked investment opportunities, Loyalty Additions and Maturity Boosters, subject to policy terms and conditions. Jeelani Basha, Chief Business Officer – Partnership Distribution and Group Business, Tata AIA Life Insurance, said, “Financial priorities do not remain constant throughout life. The need today may be wealth creation, tomorrow it may be protecting family responsibilities, and…

Samsung India has launched Samsung Innovation Campus (SIC) 2026 in Karnataka, with plans to train 2,000 youth in industry-relevant Artificial Intelligence (AI) skills. The launch at the Federation of Karnataka Chambers of Industry and Commerce (FKCCI) was attended by Shri Basavaraj Rayareddy, Hon’ble Minister for Higher Education, Government of Karnataka, and senior academicians from Nrupathunga University, Bengaluru. Implemented in partnership with Nrupathunga University, the programme will provide participants aged 18–25 with practical AI education, hands-on training, expert mentoring and industry-relevant learning opportunities. Samsung Innovation Campus has trained over 3,000 people in Karnataka to date. Shubham Mukherjee, Head, Corporate Communications &…

Renault India, a wholly owned subsidiary of Renault Group, has resumed exports to Sri Lanka, expanding its international footprint to 16 countries. The first shipment of 100 Made-in-India vehicles, comprising the all-new Triber, Kwid and Kiger, has departed from Chennai. Renault will re-enter the Sri Lankan market in partnership with AMW Motors, one of the country’s leading automotive distributors. The collaboration will support the brand’s renewed commercial presence and long-term growth in the market. Francisco Hidalgo, Vice President, Sales & Marketing, Renault India, said, “The resumption of exports to Sri Lanka is an important step in our international growth journey.…

Udyogtech Ventures Pvt. Ltd., operating as Factrika, has raised ₹8.9 crore in a seed funding round led by Info Edge (India) Ltd. Founded in July 2024, the on-demand industrial workforce platform connects manufacturing companies with skilled and verified factory workers. Factrika currently has over 10,000 registered workers across 20-plus skill categories and reports a worker show rate of over 90%. Its platform enables factories to request workers, digitally manage shifts and attendance, and facilitate daily payments. The company aims to strengthen its team, technology and operational capabilities while expanding into additional industrial clusters across India. Its clients include Lenskart, Asahi…

Aviva Life Insurance Company India Limited has launched the Aviva Smart Return of Premium Term Plan, combining life insurance protection with a return of 105% of total premiums paid on survival till maturity, subject to policy terms and conditions. Customers can choose policy terms of 10 to 30 years and life cover ranging from ₹5 lakh to ₹50 lakh, subject to eligibility. Entry is available between 18 and 60 years, with a maximum maturity age of 75 years. The plan offers optional accidental casualty and critical illness riders, flexible premium payment frequencies, a policy loan facility and an option under…

Karnataka: Neuberg Diagnostics’ B2C network recorded nearly five lakh diagnostic interactions over 22 months, indicating growing consumer interest in preventive health screening and regular health monitoring across Karnataka. The analysis recorded 2,44,929 preventive health checks, with volumes increasing 15.2% between January and August 2026 compared with the same period in 2025. More than one in three B2C patients had no doctor’s name mentioned on their test request, highlighting the role of individual decision-making. Diabetes and glucose monitoring emerged as key testing areas, with HbA1c investigations increasing 90% over three months. Thyroid, cardiac, nutritional and hormonal health tests also accounted for…

Aditya Birla Housing Finance Limited (ABHFL), a subsidiary of Aditya Birla Capital Limited, has opened a new branch in T Dasrahalli, Bengaluru, taking its total network in Karnataka to 20 branches. The expansion aims to improve access to customised housing finance solutions amid Bengaluru’s growing residential demand. ABHFL offers affordable and prime housing loans, construction finance and loans against property for salaried and self-employed customers. Its digital ecosystem supports customer onboarding, faster approvals and greater transparency. To mark the launch, the company is offering zero login fees and spot loan sanctions of up to ₹50 lakh from September 17 to…